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The First 2019 Corvette ZR1 Just Sold For $925,000

Kristen Lee/Jalopnik
Kristen Lee/Jalopnik

Chevrolet’s Corvette ZR1 is a bonkerballs flagship supercar like none the US has ever produced, with 755 supercharged horsepower and an easy-peasy 210 mile per hour top speed. It’s available with a big ole wing and awesome lightweight track-focussed wheels. If you like V8s and power and America, you’d be silly not to want one. This Corvette looks like a million bucks, or at least $925,000.

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During Saturday’s Barrett-Jackson auction in Scottsdale, Arizona, General Motors sold the first retail 2019 Chevrolet Corvette ZR1. The winning bid, near on a million greenbacks, came from Rick Hendrick, chairman of Hendrick Automotive Group and owner of the Hendrick Motorsports NASCAR team.

This isn’t the first time he’s done this, either, having previously purchased the first 2018 Camaro ZL1 1LE last year, and Acura NSX VIN 001 in 2016.

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The new ZR1 will start at a comparatively meager $119,995, making this a very expensive dealer markup.

The good news: 100 percent of the hammer price will benefit the Stephen Siller Tunnel to Towers Foundation, which works to support wounded veterans and first responders by providing mortgage-free smart homes and working to paying off existing mortgages under the foundation’s ‘Building for America’s Bravest’ program.

Hat Tip to Motor Authority

Jalopnik contributor with a love for everything sketchy and eclectic.

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DISCUSSION

Good for him.

Contrary to what some seem to imply (e.g. he does it to reduce taxes, or Thai is how 1% lives) a tax deduction from a charitable contribution only reduces a certain amount of his taxable income—an amount that doesn’t exceed the contribution itself.

So yeah, he’s spending $800k+ extra on a car—which goes to a good cause—and he gets a bit of tax write-off. But it’s not like the write-off is MORE than the donation itself. Nor will the car ever be worth the $900k he paid for it. He’s still giving away a lot of money.

This isn’t a case of how “the 1% live”, it’s simply a very rich man donating within his means. Nothing wrong with that.